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common market among ASEAN, China, South Korea, and Japan by establishing a free trade area covering the entire region. As the … two major countries in the region, in the arrangement, China and Japan would have centered roles in promoting economic … cooperation in East Asia. However, it is practically impossible to decide either China or Japan is capable of taking the …
Persistent link: https://www.econbiz.de/10005408050
-endowment based trade and economic ties with the secondary advanced economy (first the U.S. and then Japan) played important roles in … the pre-WWII growth of Japan, Southeast Asia's growth in the 1970s and the 1980s, and its economic crisis in the mid-1990s. …
Persistent link: https://www.econbiz.de/10005062412
Although most CIS and East Asian countries are de jure classified as free floaters, they de facto pursue (tight) dollar pegs. This paper emphasizes dollar denomination of short-term and long-term payment flows as reasons for exchange rate stabilization. Based on the analysis of ifcompetitive...
Persistent link: https://www.econbiz.de/10005556605
This paper shows that many East Asian firms are significantly exposed to foreign exchange risk. Their exposure appears to be much more widespread than is typical for the large, western industrialized economies. The paper also shows that exchange rate pegs appear to do little to alleviate this...
Persistent link: https://www.econbiz.de/10005556652
East Asia is one of the most important areas of tropical forests worldwide. Considerable concern has arisen that the East Asian economic crisis would result in a further worsening of the already high pressures experienced by the region’s forests. This report examines the available evidence on...
Persistent link: https://www.econbiz.de/10005062475
consumers, such as Japan and India, as well as with other Asian Pacific countries. However, enhanced cooperation among the big … East Asian economies (China, Japan and South Korea) is also a possibility. This document first of all presents an overview …
Persistent link: https://www.econbiz.de/10005118931
Asia has emerged as the balancing wheel of global finance. The countries of Asia now account for 70 per cent of global foreign exchange reserves, compared to only 30 percent in 1990 and 21 per cent in the early 1970s. This paper explores theoretical interpretations for the relatively high demand...
Persistent link: https://www.econbiz.de/10005119482
Yen-dollar fluctuations increase macroeconomic instability in small economies in East Asia. I investigate the choice of an exchange rate regime for these countries so as to minimize the adverse effects of this volatility. I build a sticky-price dynamic model of a small economy whose trade is...
Persistent link: https://www.econbiz.de/10005119497
Public opinion surveys conducted since 1977 in Japan are usually interpreted as showing decreasing support among the … Office of Japan have justified recent cuts in ODA funding levels on this basis. However, these interpretations have been …
Persistent link: https://www.econbiz.de/10005556386
particular, on the Euro area and Japan). …
Persistent link: https://www.econbiz.de/10005556489